roy819 Posted September 18, 2024 Posted September 18, 2024 DB plan terminated a few years ago. An annuity provider was established in terms of transferring the pension benefits. It was discovered that an individual (who was already in pay status when the plan terminated) was overpaid. In terms of trying to collect those overpayments, do the provisions of SECURE 2.0 apply?
david rigby Posted September 18, 2024 Posted September 18, 2024 Does the plan still exist? If not, what is the anticipated handling of any collected amounts? How much was the overpayment? What is the cause of the overpayment? Did the annuity provide make the overpayment (and why)? I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
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